Tag Archives: Switzerland

Fintech is one of the fastest growing industries in the world. The Boston Consulting Group (BCG) estimates that the market will reach a size of US$1.5 trillion in revenue 2030, representing a roughly fivefold increase from 2024. This growth has driven a surge in demand for fintech professionals, leading to the launch of a wide range of educational programs, courses, and certifications tailored to both young students and experienced professionals looking to navigate...

Share this article Interview with Godfrey Bloom I recently had the great pleasure of being interviewed by my good friend Godfrey Bloom, whose point of view and sharp assessment skills of economic and political events I have consistently found illuminating throughout the years.  It’s always extremely refreshing talking to Godfrey, because his questions cut through the noise and concentrate on what is actually important. I find his views and arguments are also deeply thought...

With Cyril Monnet and Remo Taudien. University of Bern Discussion Paper 25.01, January 2025. PDF. The proposed revision of the Swiss Banking Act introduces a public liquidity backstop (PLB) for distressed systemically important banks (SIBs), in part to facilitate resolution. We examine the impact of the PLB on fiscal balances, societal welfare, and the incentives of bank shareholders and management. A PLB, like too-big-to-fail (TBTF) status, acts as a subsidy for non-convertible...

The report (in German). From the press release: The Parliamentary Investigation Committee (PInC) attributes the Credit Suisse crisis to years of mismanagement at the bank. It is critical of FINMA’s relaxation of capital requirements and regrets the lack of effectiveness of its banking supervision. The PInC also criticises the hesitant development of the TBTF legislation and identifies shortcomings in the flow of information between authorities. It does not find any misconduct on the part...

Share this article Part II of II Business as usual” will simply not cut it anymore. The “print and spend” policies of the past, the QE lifelines, the liquidity injections, the zero and negative interest rates, the blatant debasement of the currency, the market manipulation and all the direct and indirect bailouts will not work as they did before.  And it’s not only because the central bankers have overused these “weapons” and have by now exhausted all their...

Share this article Part II of II Business as usual” will simply not cut it anymore. The “print and spend” policies of the past, the QE lifelines, the liquidity injections, the zero and negative interest rates, the blatant debasement of the currency, the market manipulation and all the direct and indirect bailouts will not work as they did before.  And it’s not only because the central bankers have overused these “weapons” and have by now exhausted all their options – this is a widely...

Overview: The dollar enjoys a firmer tone today. The escalating conflict in the Middle East is keeping the market on edge. And then there is tomorrow's US employment report. Among the G10 currencies, sterling has been the hardest hit. It is off around 1% after Bank of England Governor Bailey seemed to signal that after pausing last month, the central bank may turn more aggressive here in Q4. Nearly all the emerging market currencies are lower. Global equities and...

Share this article An attempt at an analysis from the perspective of a free Swiss individual What you’re about to read is the abridged and condensed English translation of a speech I gave in Munich in November 2023. You can find the full speech, in German with English subtitles, here. It tackles the very difficult, but also very crucial, subject of individual freedom, or what is left of it these days, and it seeks to offer a constructive analysis from a Swiss perspective.  It is...

Share this article Our special interview on Swiss Wealth Advisor with CLAUDIO GRASS, CEO and Independent Precious Metals Consultant, explores the manner in which astute investors may preserve wealth against the backdrop of debilitating central economic planning and monetary inflation.  Executive Global sit down to discuss macroeconomic trends, precious metals, monetary policy and philosophy with the advisor to affluent institutional and private clients....

Share this article Our special interview on Swiss Wealth Advisor with CLAUDIO GRASS, CEO and Independent Precious Metals Consultant, explores the manner in which astute investors may preserve wealth against the backdrop of debilitating central economic planning and monetary inflation.  Executive Global sit down to discuss macroeconomic trends, precious metals, monetary policy and philosophy with the advisor to affluent institutional and private clients. Executive Global: (EG) We...